PUBLISHER: The Business Research Company | PRODUCT CODE: 1620165
PUBLISHER: The Business Research Company | PRODUCT CODE: 1620165
Widefield imaging systems are sophisticated retinal imaging technologies designed to capture extensive areas of the retina in a single image. They are essential for diagnosing and managing various ocular and systemic conditions, offering detailed views of the retinal structure that go beyond the capabilities of traditional imaging techniques.
The primary components of widefield imaging systems include instruments and software. Instruments are the physical devices used for widefield imaging, such as cameras, lenses, and other hardware. These systems come in various modalities, including standalone and portable versions, and are used for a range of indications, such as diabetic retinopathy, retinopathy of prematurity, pediatric retinal diseases, retinal vein occlusion, ocular oncology, uveitis, chorioretinal diseases, glaucoma, and others. They are utilized by specialty clinics, hospitals, and ambulatory surgical centers.
The widefield imaging systems market research report is one of a series of new reports from The Business Research Company that provides widefield imaging systems market statistics, including widefield imaging systems industry global market size, regional shares, competitors with a widefield imaging systems market share, detailed widefield imaging systems market segments, market trends, and opportunities, and any further data you may need to thrive in the widefield imaging systems industry. This widefield imaging systems research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The widefield imaging systems market size has grown rapidly in recent years. It will grow from $0.83 billion in 2023 to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of 11.90%. The growth during the historic period can be attributed to the rising demand for early diagnosis, increased adoption in ophthalmic clinics, a growing number of individuals with diabetes and other chronic illnesses, heightened demand for widefield imaging systems, and a growing aging population.
The widefield imaging systems market size is expected to see rapid growth in the next few years. It will grow to $1.47 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth during the forecast period can be attributed to the rising cases of visual impairment, expanding healthcare infrastructure, increasing prevalence of neurological illnesses, growing demand in ophthalmology and dermatology, and a higher prevalence of diabetic retinopathy. Major trends include technological advancements, improvements in ophthalmic imaging technology, innovations in medical technology, progress in healthcare, and developments in imaging sensor technology.
The rising prevalence of eye disorders is expected to drive significant growth in the widefield imaging systems market. Eye disorders, which include a broad spectrum of conditions affecting vision and eye health, are becoming more common due to factors such as lifestyle changes, environmental influences, and an aging population. Widefield imaging systems are crucial for diagnosing, monitoring, and managing these disorders, providing detailed and comprehensive retinal imaging that supports early intervention and improved patient outcomes. For example, the National Eye Institute reported in 2024 that approximately 1.3 million Americans currently have vision disorders, with an expected increase to 2.2 million blind individuals by 2030. This growing prevalence of eye disorders is a key driver for the expansion of the widefield imaging systems market.
Leading companies in the widefield imaging systems market are developing cutting-edge solutions to enhance imaging capabilities. One notable innovation is the spinning disk confocal microscope system, which offers high-resolution, rapid imaging speeds, and improved optical sectioning, enabling detailed analysis of biological samples while capturing large fields of view. For instance, in April 2023, CrestOptics, an Italy-based medical equipment company, introduced the CICERO System, a state-of-the-art spinning disk confocal microscope. This system is designed to advance research by providing high-quality imaging and analysis tools suitable for cell biology, molecular biology, and pharmacology. The CICERO System combines widefield and spinning disk confocal microscopy, making sophisticated fluorescence imaging more accessible to laboratories.
In January 2023, Bruker Corporation, a US-based manufacturer of scientific instruments and analytical solutions, acquired ACQUIFER Imaging GmbH for an undisclosed amount. This acquisition is intended to bolster Bruker's position in the bioimaging sector by integrating advanced imaging and big-data management capabilities. ACQUIFER Imaging GmbH, a Germany-based, specializes in widefield imaging systems, and its inclusion in Bruker's portfolio enhances the company's offerings in this critical field.
Major companies operating in the widefield imaging systems market are Thermo Fisher Scientific Inc., Canon Inc., Agilent Technologies Inc., Olympus Corporation, Bruker Corporation, Carl Zeiss AG, Topcon Corporation, Avenova Inc., Leica Microsystems GmbH, Thorlabs Inc., Oxford Instruments PLC, Optos PLC, Nikon Instruments Inc., Heidelberg Engineering GmbH, Forus Health Pvt Ltd., Ocular Instruments Inc., Visunex Medical Systems Inc., Clarity Medical Systems Inc., Epipole Ltd., Nidek Co. Ltd.
North America was the largest region in the widefield imaging systems market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the widefield imaging systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the widefield imaging systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The widefield imaging systems market consists of revenues earned by entities by providing image processing software, deconvolution software, and tiling software. The market value includes the value of related goods sold by the service provider or included within the service offering. The widefield imaging systems market also includes sales of microscopes, sample holders, and autofocus systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Widefield Imaging Systems Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on widefield imaging systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for widefield imaging systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The widefield imaging systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.